Status
Operating at scale
If a RTPS exists
Yes
Vision: PSP interoperability
Yes
Name (Payment)
NIBSS Instant Payment (NIP),Mobile Money,CBDC (eNaira)
URL (Payment)
https://nibss-plc.com.ng/
Region
Africa
# of participants
2023- 230+,2023- 21,2023- 33
AML law
Yes
Bank participation in network
YesNoYes
Centralised fraud management system?
Unknown
Consumer protection law
Yes
Governor
Central bank/ Financial regulator
Non-bank participation in network
YesYesNo
Notes
Enables P2P, B2P, G2P Built NIBSS IPS. L1P-aligned system
Offline transactions
Unknown
Operator
Central bankCommercial bank/ Private PSPCentral bank
QR-based transactions
Unknown
Reporting forum/ website/ form
Unknown
Rules: data handling rules for PSPs, users
Unknown
Rules: data leak notifications
Unknown
Rules: participation conditions
YesUnknownUnknown
Rules: recourse mechanism
Unknown
Rules: transaction recall
Unknown
Settlement systems
Unknown,Unknown,Unknown
Transaction cost
Unknown,Unknown,Unknown
Transaction types
P2P
P2B
P2G
G2P
B2B
B2PP2P
P2MP2P
P2M
Value (Year-USD)
2021- USD 655,040 B,2021- USD 17 B,2021- USD 448 K
Volume (Year- Volume)
2021- 3,473 B,2021- 284 M,2021- 34 K